Second homes: Best places to buy in New England and the Mid-Atlantic

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An analysis by Rented.com shows the best places to buy a vacation rental/second home in New England and the Mid-Atlantic states. No. 1. Killington, Vermont; 88.3 points out of 100. Excellent skiing is just one of the charms of this beautiful year-round resort town; located in the picturesque Green Mountains of central Vermont. Getty Images/iStockphoto

No. 4. Portland, Maine; 51.6. Cobbled streets are the first clue of how special Portland is. The many restaurants serve up cuisine far beyond the famous lobster. Don’t pass up a chance to take a sunset sail in the gorgeous harbor. Getty Images/iStockphoto

No. 6. Burlington, Vermont; 49.1. Situated on stunning Lake Champlain, Burlington combines the small town feel of Vermont with the culture of a larger city and the near endless events of the University of Vermont. Getty Images/iStockphoto

No. 7. Snowshoe, West Virginia; 49.0. Country roads, take me home. This mountain destination is a great opportunity for rental property buyers looking for affordable entry prices, especially if personal use and enjoyment factor into your investment decision. Getty Images/iStockphoto

No. 8. Virginia Beach, Virginia; 47.9. The rental market in Virginia Beach is steady, as the area is a desirable destination for tourists, snowbirds, and military families alike. Getty Images/iStockphoto

No. 9. Plymouth, Massachusetts; 46.2. There is so much more to do than visit Plymouth Rock and Plimoth Plantation. Located between Boston and Cape Cod, don’t pass up the chance to check out the whale watching and many water sports. Getty Images

No. 10. Kennebunkport, Maine; 46.1. Take a stroll on Arundel or Goose Rocks Beach, or have lunch with George Bush and family at their summer home (just kidding!). Kennebunkport offers something for nearly everyone, including the Seashore Trolley Museum and the unique Goat Island Lighthouse. Getty Images/iStockphoto

No. 12. Newport, Rhode Island; 41.6. Once the playground of the 19th century’s rich and famous, no visit is complete without a tour of the Gilded Age mansions on Bellevue Avenue, which the Vanderbilts and others once called “cottages.” Did you know Newport is home to the International Tennis Hall of Fame? DenisTangneyJr, Getty Images/iStockphoto

No. 13. Arlington, Virginia; 39.6. Arlington is known for its proximity to D.C., but also has its own nightlife, public transportation, outdoor spaces, and other fun activities. Rents are high – albeit less than D.C. – but properties are easy to keep occupied, and it’s a great location for short-term rentals for frequent D.C.-based contract workers. Getty Images/iStockphoto

No. 14. State College, Pennsylvania; 37.3. This college town – home to Penn State University – is in high demand with a large pool of tenants, and offers landlords fewer vacancies. Getty Images/iStockphoto

No. 16. Pittsburgh, Pennsylvania; 30.7. The Steel City is moving beyond its industrial roots into the information age, and is a hot market for rental investment as high demand offsets higher purchase prices. Getty Images

No. 17. Provincetown, Massachusetts; 30.5. At the tip of Cape Cod, P’town began as a fishing community, evolved into an artists’ enclave, and continues to change even today. Day trippers can easily take the high-speed ferry to and from Boston. Don’t pass up the galleries, restaurants, and of course, the beaches. Getty Images/iStockphoto

No. 18. Boston, Massachusetts; 29.3. In the cradle of the American Revolution, it’s hard to know where to start. History buffs could easily spend a month and not see it all. Baseball fans can’t miss Fenway Park, which opened in 1912 and is one of the most intimate baseball stadiums in the country. Getty Images/iStockphoto

No. 20. Washington, D.C.; 25.5. D.C. is expensive – for both renters and owners – but the nation’s capital still makes the list because a transient population creates steady, high demand. tomwachs, Getty Images/iStockphoto

No. 9. Plymouth, Massachusetts; 46.2. There is so much more to do than visit Plymouth Rock and Plimoth Plantation. Located between Boston and Cape Cod, don’t pass up the chance to check out the whale watching and many water sports.(Photo: Getty Images)

It’s a common summer vacation ritual: You enjoy a destination so much that by the time you leave you’ve started asking about real estate.

But not all locations are created equal when it comes to a second home purchase. An analysis by Rented.com shows the best places to buy a vacation rental in New England and the Mid-Atlantic states.

The site's research looked at a number of factors that affect return on investment, including housing prices, real estate taxes and the local rental market, to determine the best places to own.

Killington, Vermont, a classic New England ski town, is the region’s best market, with a score of 88.3 out of 100. After Killington, there’s a steep dropoff to No. 2 on the list, Bangor, Maine, with a score of 69.5. By contrast, a previous analysis showed four Florida beach towns above 70 points, as well as several U.S. cities.

See the slideshow above for the top New England and Mid-Atlantic destinations for second home buyers, and Rented.com’s comments on each market.

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Rented.com looked at a number of factors that affect return on investment, including housing prices, real estate taxes and the local rental market, to determine the best places to own. No. 1: Panama City Beach, Fla.; 98.9 points out of 100. We’ve seen this Panhandle city at the top of our list before, thanks to the affordability and popularity of this year-round destination. Getty Images/iStockphoto

No. 5: Cocoa Beach, Fla.; 71.3. This barrier island on the east coast of central Florida is known for its abundant outdoor activities, historical significance and proximity to Orlando (45 minutes). Getty Images/iStockphoto

No. 6: Galveston, Texas; 68.8. Vacation rentals are seasonal, but lower prices and the popularity of this family-friendly destination make this Texas Gulf Coast city a worthwhile investment. Getty Images/iStockphoto

No. 16: Miami Beach; 47.5. This, and the market one spot below are perfect illustrations of how more than revenue potential must be considered when assessing investment potential. Always a hot market with tourists, Miami is just as hot with property investors, pushing prices up compared to many on this list. Still, with the constant appeal of South Beach, this remains a top place to invest. Getty Images/iStockphoto

No. 20: Key West; 42.3. There are very few beaches on this island, but there are endless water activities and stunning waterfront scenery, with enough options for visitors to choose between a relaxing or rowdy stay. Getty Images/iStockphoto